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The largest memecoin by market value, Dogecoin (DOGE), has regained the interest of investors following a market downturn that led to significant losses. The current recovery in DOGE’s price has been fueled by a single Dogecoin whale’s purchase of 200 million DOGE in a series of transactions, which has increased expectations for the memecoin’s future price trajectory.
市值最大的迷因幣狗狗幣(DOGE)在市場低迷導致重大損失後重新獲得了投資者的興趣。目前 DOGE 價格的回升得益於單隻狗幣鯨魚在一系列交易中購買了 2 億個 DOGE,這增加了人們對 memecoin 未來價格軌蹟的預期。
Whale Accumulates 200 Million DOGE
鯨魚累積2億DOGE
Amid DOGE’s current upward momentum, with the price surpassing the $0.18 threshold, discussions about the potential end of the downtrend have captured the attention of cryptocurrency investors. Speculations about DOGE’s eagerly anticipated $1 level have intensified due to the increasing whale accumulation and the altcoin’s demonstrated resilience against further declines. Moreover, with Bitcoin‘s expected fourth block reward halving on April 19, market observers are forecasting a potential bull run for Dogecoin’s price.
在DOGE目前的上漲勢頭中,價格突破了0.18美元的門檻,有關下跌趨勢可能結束的討論引起了加密貨幣投資者的注意。由於鯨魚積累的增加以及山寨幣表現出的抵禦進一步下跌的彈性,對 DOGE 熱切期待的 1 美元水平的猜測已經加劇。此外,隨著比特幣第四個區塊獎勵將於 4 月 19 日減半,市場觀察家預測狗狗幣的價格可能會出現牛市。
At this point, the tendency of whales to accumulate is also raising expectations for DOGE, supporting its rise. The Whale Alert service, which detects and publicly shares large movements on blockchains, reported that an unidentified wallet address recently purchased 199.27 million DOGE in a series of transactions. This purchase, valued at $35.45 million, was executed on the Robinhood exchange and has generated significant buzz within the altcoin’s community.
此時鯨魚的吸籌趨勢也提升了對DOGE的預期,支撐其上漲。 Whale Alert 服務負責檢測並公開分享區塊鏈上的大型變動,該服務報告稱,一個身份不明的錢包地址最近在一系列交易中購買了 1.9927 億個 DOGE。此次購買價值 3545 萬美元,在 Robinhood 交易所執行,並在山寨幣社區中引起了巨大反響。
Signs of an Uptrend Emerge
上升趨勢的跡像出現
In light of these developments, Dogecoin’s price has seen a 2.93% increase in the last 24 hours and is trading above the $0.181 threshold at the time of writing. The recent price surge, combined with notable whale accumulations, has positioned the altcoin on an upward trajectory. Additionally, data from Coinglass indicates that DOGE’s open interest (OI) in the derivatives market has increased by 3.58%, suggesting growing investor interest and capital inflows into the altcoin in the derivatives market, potentially signaling the end of the downtrend.
鑑於這些進展,狗狗幣的價格在過去 24 小時內上漲了 2.93%,在撰寫本文時交易價格高於 0.181 美元。最近的價格飆升,加上鯨魚的大量積累,使山寨幣處於上升軌道。此外,Coinglass 的數據顯示,DOGE 在衍生性商品市場的未平倉合約(OI) 增加了3.58%,這表明投資者對衍生性商品市場的山寨幣的興趣和資本流入不斷增加,可能預示著下跌趨勢的結束。
Technical indicators are also signaling a potential uptrend for DOGE. For example, the leading technical indicator, the Relative Strength Index (RSI), is giving a neutral signal at the 52 level, indicating that the path is clear for the altcoin’s rise.
技術指標也預示著 DOGE 的潛在上升趨勢。例如,領先的技術指標相對強度指數(RSI)在 52 水準發出中性訊號,顯示山寨幣的上漲路徑是明確的。
Experts suggest that if buying pressure continues to increase, DOGE could see a significant upward move, potentially opening the door to the long-awaited $1 level. However, they also caution that an increase in profit-taking could intensify selling pressure, potentially causing the altcoin’s price to retreat to previous support levels and enter a downtrend.
專家表示,如果購買壓力持續增加,DOGE 可能會大幅上漲,可能打開期待已久的 1 美元水平之門。然而,他們也警告稱,獲利了結的增加可能會加劇拋售壓力,可能導致山寨幣的價格回落至先前的支撐位並進入下跌趨勢。
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